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It's not cheap to rent in Boston these days

Julie Xie from Boston.com had an interesting article last week on the ever growing rental costs in and around the city. Using data from Zumper she determined that the following 5 neighborhoods were most expensive in Boston which overall comes in at 3rd most expensive in the city.

  1. D Street - West Broadway (South Boston) : $3,350
    This area has been taken over in recent years by more luxury buildings which has driven the average price. Flats on D and theWest Square Apartments are the number one reason as they significantly outnumber and outweigh the minimal multi-family rentals here.
  2. Kendall Square (Cambridge) : $3,240
    More luxury buildings in this area as well with Watermark Kendall East and Lofts at Kendall both start over $3,000.
  3. Downtown Boston : $3,000
    Many great options here including The Devonshire starting right around $3,000.
  4. Chinatown/Leather District : $2,900
    The Kensington and The Radian are two of the most well known buildings in this area again with rents starting around $3,000.
  5. Thompson Square/Bunker Hill (Charlestown) : $2,730
    Here we have Gatehouse 75 which starts right at the neighborhood average around $2,700 per month.

It's no secret that Boston is continuing to grow with more and more large buildings going up all over the city and for now a decrease in rents doesn't seem to be in the near future.

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